Segments From this episode
Europe's largest bank, HSBC, has made another big write-down because of subprime mortgages in the U.S. This news comes even though the bank has had a profitable first quarter. From London, Stephen Beard reports.
The Pennsylvania Turnpike is about to become the largest piece of U.S. public infrastructure to be privatized. Jill Barshay reports that at least two overseas ventures have submitted undisclosed cash offers for the road.
We might be the midst of a credit squeeze, but that's not putting a complete stop to buyouts. Fortune magazine's Alan Sloan explains the creative routes some firms are taking to stay in the business of buying loans.
The death toll is rising in China, hit today by a magnitude 7.8 earthquake. Production halted at several car factories and power is out across a wide area. Scott Tong in Shanghai describes Sichuan province, where the quake hit hard.
Although the cost of feed is soaring, the cost of chicken has barely budged this year. Ashley Milne-Tyte reports that chicken producers would love to raise their prices like everyone else, but are held back by retailers.
With all the focus on Internet scam spams, the idea of just plain snail-mail scams would seem to have gone the way of brick-sized cell phones. But Sally Herships reports that scammers have no preference when it comes to their dirty work.
The big broadcast networks put on their annual dog and pony show this week in New York City. It's called "the upfront" and is the time when networks unveil new shows for advertisers, who then pre-buy commercial time. Stacey Vanek Smith reports.
In China, consumer prices approach a 12-year high, leading to a global fear that Chinese factories are hiking prices for everyone. Scott Tong reports from Shanghai on commodity prices and inflation in China.
Blackberry released a sleek new cellphone today as its entry in the competition with Apple's iPhone. The secret ingredient: the Blackberry Bold uses a different kind of network to get all kinds of new features. Alisa Roth has more.
Marketplace Morning Report for May 12, 2008